Kaizen Financial Strategies Buys 586 Shares of Meta Platforms, Inc. (NASDAQ:META)

Kaizen Financial Strategies lifted its holdings in Meta Platforms, Inc. (NASDAQ:META) by 57.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,599 shares of the social networking company’s stock after purchasing an additional 586 shares during the period. Kaizen Financial Strategies’ holdings in Meta Platforms were worth $566,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Stone House Investment Management LLC lifted its position in Meta Platforms by 625.0% during the third quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock valued at $26,000 after acquiring an additional 75 shares during the last quarter. Beaird Harris Wealth Management LLC lifted its position in Meta Platforms by 68.9% during the third quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock valued at $31,000 after acquiring an additional 42 shares during the last quarter. Stephens Investment Management Group LLC purchased a new stake in Meta Platforms during the second quarter valued at approximately $30,000. PayPay Securities Corp lifted its position in Meta Platforms by 65.2% during the third quarter. PayPay Securities Corp now owns 109 shares of the social networking company’s stock valued at $33,000 after acquiring an additional 43 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new stake in Meta Platforms during the third quarter valued at approximately $40,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on META. TD Cowen increased their target price on shares of Meta Platforms from $415.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Stifel Nicolaus raised their price target on shares of Meta Platforms from $405.00 to $527.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Piper Sandler increased their price objective on shares of Meta Platforms from $415.00 to $525.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Morgan Stanley increased their price objective on shares of Meta Platforms from $375.00 to $550.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Finally, Bank of America increased their price objective on shares of Meta Platforms from $425.00 to $510.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, thirty-nine have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $496.35.

Meta Platforms Trading Down 1.0 %

Shares of META traded down $4.74 during trading on Thursday, reaching $489.12. 9,126,516 shares of the company traded hands, compared to its average volume of 17,803,041. Meta Platforms, Inc. has a twelve month low of $202.54 and a twelve month high of $523.57. The stock has a market cap of $1.25 trillion, a PE ratio of 32.84, a price-to-earnings-growth ratio of 1.28 and a beta of 1.21. The stock has a 50-day simple moving average of $464.84 and a 200-day simple moving average of $375.30. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.12.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Thursday, February 1st. The social networking company reported $5.33 earnings per share for the quarter, beating analysts’ consensus estimates of $4.82 by $0.51. The firm had revenue of $40.11 billion during the quarter, compared to analysts’ expectations of $39.12 billion. Meta Platforms had a net margin of 28.98% and a return on equity of 29.48%. The business’s quarterly revenue was up 24.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.00 earnings per share. On average, analysts anticipate that Meta Platforms, Inc. will post 19.94 earnings per share for the current year.

Meta Platforms Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, February 22nd were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date was Wednesday, February 21st. Meta Platforms’s dividend payout ratio (DPR) is currently 13.42%.

Insider Activity at Meta Platforms

In other Meta Platforms news, CEO Mark Zuckerberg sold 1,064 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $351.51, for a total transaction of $374,006.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Meta Platforms news, CEO Mark Zuckerberg sold 1,064 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $351.51, for a total transaction of $374,006.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Susan J. Li sold 10,956 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $473.28, for a total transaction of $5,185,255.68. Following the transaction, the chief financial officer now owns 76,398 shares of the company’s stock, valued at approximately $36,157,645.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,504,435 shares of company stock worth $703,629,367. Corporate insiders own 13.75% of the company’s stock.

Meta Platforms Company Profile

Meta Platforms, Inc engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.